The USDA is forecasting tighter U.S. corn ending stocks for 2025/26 due to increased exports. The supply/demand balance sheets for soybeans and wheat were unchanged.
U.S. soybean futures fell below $11 a bushel on Monday for the first time since October on uncertainty over whether China will buy as much U.S. supply as Washington expects and as South American crop weather favored large soy harvests that could begin in about a month, analysts said.
Canadian wheat and canola production in 2025/26 (Aug/Jul) surpassed early expectations to hit new record highs, according to updated survey-based estimates from Statistics Canada released Dec. 4.
As activity at the Chicago Board of Trade shifts into holiday mode through the New Year, independent analyst Terry Reilly pointed to three things to watch over the next few weeks.
Chicago corn and wheat futures rose on Tuesday, lifted by worries about tensions in the Black Sea grain export region as well as cold weather slowing grain movement in the U.S. Midwest, analysts said. Soybeans were lower.
U.S. soybean futures retreated on Monday from a one-week top on a lack of fresh soy sales to top buyer China and lingering doubts over whether the Asian nation will buy 12 million tonnes of the oilseed by the end of 2025
High grain moisture content and logistical woes caused by Russian attacks have slashed Ukraine’s corn exports from Black Sea ports in November and may do so again in December, farmers’ union UAC said on Tuesday.